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Swedish pedigree team launches Ambrosia

Report: Systematic Strategies

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Stockholm (HedgeNordic) – Ambrosia Asset Management AB launches a new fund, after having received approval from the Swedish FSA. The managers behind the new fund all have years of experience from Nektar Asset Management within the Brummer & Partners group. The strategies of Ambrosia’s new fund are based on long-term investment, seasoned portfolio managers and low cost.

Ambrosia Asset Management AB will formally launch the new fund 1st March, 2016. “-The fund can be seen as a sophisticated alternative to a more traditional asset management model. An important part of the strategy is a significantly lower fee structure than the average within the hedge fund industry”, says Ante Nilsson, CEO at Ambrosia Asset Management AB.

“-We see a very large interest from both institutions and private individuals. Maybe due to the fact that the interest for alternative investments rises when interest rates are low and there is volatility in the financial markets, but first and foremost due to the highly experienced team of managers running the fund”, Ante Nilsson continues.

The Ambrosia funds are managed jointly by the hedge fund veterans Kerim Kaskal and Torbjörn Olofsson. Kerim most recently comes from a position as Chief Investment Officer at Swedish pension fund AP3. Prior to that he was manager and partner at Nektar, one of the oldest funds within the Brummer & Partners group of hedge funds. Torbjörn also has a long history from Nektar and Brummer & Partners, where he was active for 15 years, among other as working chairman and portfolio manager at Nektar, and was also a partner at Brummer & Partners.

Ambrosias designated CEO, Ante Nilsson, has a long history in the hedge fund world, most recently as CEO and manager of Tanglin Asset Management for 15 years.

The funds are set up as a “Master-Feeder” fund structure and come in three different classes: Ambrosia L (minimum: 100,000 SEK), XL (10 mSEK), and XXL (300 mSEK). The debate among investors about fee levels in the hedge fund world have been reflected in the fee structure and thus Ambrosia offers investors, depending on the share classes, cost levels of 0,75% fixed management fee and a 20% performance fee (0,75% + 20%), 0,50% + 15% and 0,30% + 15%.

The fund is a multi strategy strategy-fund, with both traditional and more advanced strategies, and divided into three major parts: market risk premiums, macro/directional bets, and relative value.

 

Picture: (c) ronstik—shutterstock.com

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Kamran Ghalitschi
Kamran Ghalitschi
Kamran has been working in the financial industry since 1994 and has specialized on client relations and marketing. Having worked with retail clients in asset management and brokerage the first ten years of his career for major European banks, he joined a CTA / Managed Futures fund with 1,5 Billion USD under management where he was responsible for sales, client relations and operations in the BeNeLux and Nordic countries. Kamran joined a multi-family office managing their own fund of hedgefunds with 400 million USD AuM in 2009. Kamran has worked and lived in Vienna, Frankfurt, Amsterdam and Stockholm. Born in 1974, Kamran today again lives in Vienna, Austria.

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